Scholar Rock Holding Corp [NASDAQ: SRRK] gained 361.99% or 26.86 points to close at $34.28 with a heavy trading volume of 42427651 shares.
The daily chart for SRRK points out that the company has recorded 136.41% gains over the past six months.
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If we look at the average trading volume of 747.69K shares, SRRK reached to a volume of 42427651 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Scholar Rock Holding Corp [SRRK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SRRK shares is $31.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SRRK stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Scholar Rock Holding Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Oct-08-24. While these analysts kept the previous recommendation, Raymond James raised their target price to Strong Buy. The new note on the price target was released on March 28, 2024, representing the official price target for Scholar Rock Holding Corp stock. Previously, the target price had yet another raise to $20, while Jefferies analysts kept a Buy rating on SRRK stock.
The Average True Range (ATR) for Scholar Rock Holding Corp is set at 2.53 The Price to Book ratio for the last quarter was 20.52, with the Price to Cash per share for the same quarter was set at 2.38.
Trading performance analysis for SRRK stock
Scholar Rock Holding Corp [SRRK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 327.97. With this latest performance, SRRK shares gained by 326.90% in over the last four-week period, additionally plugging by 136.41% over the last 6 months – not to mention a rise of 370.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SRRK stock in for the last two-week period is set at 92.11, with the RSI for the last a single of trading hit 94.56, and the three-weeks RSI is set at 89.66 for Scholar Rock Holding Corp [SRRK]. The present Moving Average for the last 50 days of trading for this stock 9.23, while it was recorded at 12.71 for the last single week of trading, and 12.44 for the last 200 days.
Scholar Rock Holding Corp [SRRK]: A deeper dive into fundamental analysis
Scholar Rock Holding Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.04 and a Current Ratio set at 6.04.
An analysis of Institutional ownership at Scholar Rock Holding Corp [SRRK]
There are presently around $114.03%, or 115.42%% of SRRK stock, in the hands of institutional investors. The top three institutional holders of SRRK stocks are: ARTAL GROUP S.A. with ownership of 11.26 million shares, which is approximately 11.7417%. FMR LLC, holding 9.89 million shares of the stock with an approximate value of $$82.36 million in SRRK stocks shares; and FMR LLC, currently with $$68.21 million in SRRK stock with ownership which is approximately 8.5389%.
